{"id":1417,"date":"2020-04-01T07:30:00","date_gmt":"2020-04-01T07:30:00","guid":{"rendered":"http:\/\/wordpress2.hdnweb.com\/2020\/04\/01\/commercial-vehicle-off-highway-radar-market-worth-831-million-by-2027-exclusive-report-by-marketsandmarkets\/"},"modified":"2020-04-01T07:30:00","modified_gmt":"2020-04-01T07:30:00","slug":"commercial-vehicle-off-highway-radar-market-worth-831-million-by-2027-exclusive-report-by-marketsandmarkets","status":"publish","type":"post","link":"https:\/\/wordpress2.hdnweb.com\/en\/2020\/04\/01\/commercial-vehicle-off-highway-radar-market-worth-831-million-by-2027-exclusive-report-by-marketsandmarkets\/","title":{"rendered":"Commercial Vehicle &amp; Off-Highway Radar Market Worth $831 Million by 2027 &#8211; Exclusive Report by MarketsandMarkets\u2122"},"content":{"rendered":"<p><\/p>\n<style type=\"text\/css\"><![CDATA[\n\/* Style Definitions *\/\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n]]><\/style>\n<div class=\"xn-content\">\n<p><span class=\"xn-location\">CHICAGO<\/span>, <span class=\"xn-chron\">April 1, 2020<\/span> \/PRNewswire\/ &#8212; According to the new market research report <b>&#8220;<\/b><a target=\"_blank\" href=\"https:\/\/www.marketsandmarkets.com\/Market-Reports\/commercial-vehicle-off-highway-radar-market-182016868.html\" rel=\"nofollow\">Commercial Vehicle &amp; Off-Highway Radar Market<\/a><b>\u00a0by frequency (24-GHz &amp; 77-81 GHz), component (LRR, S&amp;MRR, Mono Camera, and Stereo Camera), vehicle (CV &amp; Off-highway), Application (ACC, AEB,BSD, FCW &amp; IPA) and Region &#8211; Global Forecast to 2027&#8243;<\/b>, published by MarketsandMarkets\u2122,<b>\u00a0<\/b><b>the Commercial Vehicle &amp; Off-Highway Radar Market is projected to grow at a CAGR of 27.4% during the forecast period, to reach <span class=\"xn-money\">USD 831 million<\/span> by 2027 from an estimated <span class=\"xn-money\">USD 153 million<\/span> in 2020.<\/b><\/p>\n<div id=\"prni_dvprnejpg4cbbleft\" style=\"WIDTH: 100%; TEXT-ALIGN: left\" dir=\"ltr\"><img decoding=\"async\" id=\"prnejpg4cbbleft\" title=\"MarketsandMarkets Logo\" border=\"0\" alt=\"MarketsandMarkets Logo\" align=\"middle\" imagelabel=\"General\" src=\"https:\/\/mma.prnewswire.com\/media\/660509\/MarketsandMarkets_Logo.jpg \"\/><\/div>\n<p>The demand for autonomous and safety features, real-time data monitoring, government mandates, and increasing accident cases will drive the overall market of radars for commercial &amp; off-highway vehicles. The shift of the auto industry towards advanced technologies is expected to drive the growth of the Commercial Vehicle &amp; Off-Highway Radar Market. However, spread of coronavirus in 2020 will be showing a economic slow down in regions which will impact the automotive sector.<\/p>\n<p><b>AEB is expected to hold the largest share in the commercial vehicle radar market during the forecast period.<\/b><\/p>\n<p>Increasing concern about the safety of passengers in commercial vehicles is the key factor in the demand for AEB. Thus, many of the government bodies are promoting the application of AEB in the vehicles. For instance, Euro NCAP offers 5-star rating to vehicle which has AEB as a standard feature. The study conducted by Euro NCAP and Australian NCAP found out that the application of AEB leads to a 38% reduction in rear-end crashes.<\/p>\n<p><i>Browse in-depth TOC on<\/i><b>\u00a0&#8220;Commercial Vehicle &amp; Off-Highway Radar Market&#8221;<\/b><\/p>\n<p><b>136 \u2013 Tables<br \/><\/b><b>52 \u2013 Figures<br \/><\/b><b>181 \u2013 Pages<\/b><\/p>\n<p><b>Download PDF Brochure:<br \/><\/b><a target=\"_blank\" href=\"https:\/\/www.marketsandmarkets.com\/pdfdownloadNew.asp?id=182016868&amp;utm_source=prnewswire&amp;utm_medium=referral&amp;utm_campaign=paidpr\" rel=\"nofollow\">https:\/\/www.marketsandmarkets.com\/pdfdownloadNew.asp?id=182016868<\/a>\u00a0<\/p>\n<p><b>Commercial vehicle, in-vehicle type segment is estimated to be the fastest-growing and the largest market during the forecast period.<\/b><\/p>\n<p>The increasing trend towards autonomous driving in the commercial vehicle has been fueling the growth of the commercial vehicle radar market. The key factor that drives the application of radar in the commercial vehicle is the increased safety awareness among the public and the government, as 4,136 people had lost their lives in the year 2018, in the US alone due to large truck crashes as per IIHS (Insurance Institute for Highway Safety). Such occurrences are the major driver for radars for commercial vehicles. Though the impact of CONVID-19 will effect the commercial vehicle segment for a while due to consumer preference\u00a0 of opting travel in personal vehicles and no public transport.<\/p>\n<p><b><span class=\"xn-location\">North America<\/span> region is expected to have the largest share in the Commercial Vehicle &amp; Off-Highway Radar Market from 2020 through 2027.<\/b><\/p>\n<p>The growth of the <span class=\"xn-location\">North America<\/span> region can be attributed to the most number of vehicles equipped with ADAS features. Early adoption of technologies in the region will be the key factor for the growth of the radar market for commercial vehicles. The presence of players like FCA, GM, Texas Instruments Incorporated, Visteon Corporation, and\u00a0 Velodyne Lidar, Inc has also contributed to the growth of the North American region in the radar market for commercial vehicles.<\/p>\n<p><b>Speak to Analyst:<br \/><\/b><a target=\"_blank\" href=\"https:\/\/www.marketsandmarkets.com\/speaktoanalystNew.asp?id=182016868&amp;utm_source=prnewswire&amp;utm_medium=referral&amp;utm_campaign=paidpr\" rel=\"nofollow\">https:\/\/www.marketsandmarkets.com\/speaktoanalystNew.asp?id=182016868<\/a>\u00a0<\/p>\n<p>The <b>Commercial Vehicle &amp; Off-Highway Radar Market<\/b>\u00a0is dominated by globally established players such as Robert Bosch GmBH (<span class=\"xn-location\">Germany<\/span>), Continental AG (<span class=\"xn-location\">Germany<\/span>), Aptiv (<span class=\"xn-location\">Ireland<\/span>), Denso Corporation (<span class=\"xn-location\">Japan<\/span>), and Infineon Technologies AG (<span class=\"xn-location\">Germany<\/span>). For instance, in <span class=\"xn-chron\">August 2017<\/span>, Denso Corporation developed a 24-GHz submillimeter-wave rear and side radar sensor to help enhance vehicle safety systems. The sensor is used in the 2018 Toyota Camry released this past July. Additionally, in <span class=\"xn-chron\">September 2019<\/span>, a joint venture between Aptiv and Hyundai Motor Co, to develop autonomous vehicles for the commercialization of Level 4 and 5 self-driving technologies will be driving the expansion of Aptiv capabilities in autonomous vehicles market in <span class=\"xn-location\">South Korea<\/span>.<\/p>\n<p><b>Browse Related Reports:<\/b><\/p>\n<p><a target=\"_blank\" href=\"https:\/\/www.marketsandmarkets.com\/Market-Reports\/automotive-vehicle-to-everything-v2x-market-90013236.html\" rel=\"nofollow\">Automotive V2X Market<\/a>\u00a0by Connectivity (DSRC, and Cellular), Communication (V2V, V2I, V2P, V2G, V2C, and V2D), Vehicle (Passenger Car, and Commercial Vehicle), Propulsion (ICE and EV), Unit, Offering, Technology, and Region &#8211; Global Forecast to 2028<\/p>\n<p><a target=\"_blank\" href=\"https:\/\/www.marketsandmarkets.com\/Market-Reports\/truck-platooning-market-157561428.html\" rel=\"nofollow\">Truck Platooning Market<\/a>\u00a0by Type (DATP, Autonomous), Systems (ACC, AEB, FCW, GPS, HMI, LKA, BSW), Sensor (Lidar, Radar, Image), Services (Telematics- ECall, ACE, Tracking, Diagnostics, &amp; Platooning- Pricing, Match Making), Region &#8211; Global Forecast to 2030<\/p>\n<p><a target=\"_blank\" href=\"https:\/\/www.marketsandmarkets.com\/Market-Reports\/near-autonomous-passenger-car-market-1220.html\" rel=\"nofollow\">Semi-Autonomous and Autonomous Vehicles Market<\/a>\u00a0by Level of Automation (Level 1, Level 2&amp;3 &amp; Autonomous Vehicles), ADAS Features, Components (AI, Radar, LIDAR, Camera and Ultrasonic Sensor), Fuel Type (ICE, EV), and Region &#8211; Global Forecast to 2022 &amp; 2030<\/p>\n<p><b>About MarketsandMarkets\u2122<\/b>\u00a0<\/p>\n<p>MarketsandMarkets\u2122 provides quantified B2B research on 30,000 high growth niche opportunities\/threats which will impact 70% to 80% of worldwide companies&#8217; revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets\u2122 for their painpoints around revenues decisions.<\/p>\n<p>Our 850 fulltime analyst and SMEs at MarketsandMarkets\u2122 are tracking global high growth markets following the &#8220;Growth Engagement Model \u2013 GEM&#8221;. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write &#8220;Attack, avoid and defend&#8221; strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets\u2122 now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets\u2122 is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations\/disruptions early to the market by providing them research ahead of the curve.<\/p>\n<p>MarketsandMarkets&#8217;s flagship competitive intelligence and market research platform, &#8220;Knowledge Store&#8221; connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.<\/p>\n<p><b>Contact:<br \/>Mr. <span class=\"xn-person\">Sanjay Gupta<\/span><br \/><\/b>MarketsandMarkets\u2122 INC.<br \/>630 Dundee Road<br \/>Suite 430<br \/><span class=\"xn-location\">Northbrook, IL<\/span> 60062<br \/><span class=\"xn-location\">USA<\/span>: +1-888-600-6441<br \/>Email: <a target=\"_blank\" href=\"mailto:sales@marketsandmarkets.com\" rel=\"nofollow\">sales@marketsandmarkets.com<\/a>\u00a0<br \/>Research Insight: <a target=\"_blank\" href=\"https:\/\/www.marketsandmarkets.com\/ResearchInsight\/commercial-vehicle-off-highway-radar-market.asp\" rel=\"nofollow\">https:\/\/www.marketsandmarkets.com\/ResearchInsight\/commercial-vehicle-off-highway-radar-market.asp<\/a>\u00a0 <br \/>Visit Our Web Site:\u00a0<a target=\"_blank\" href=\"https:\/\/www.marketsandmarkets.com\/\" rel=\"nofollow\">https:\/\/www.marketsandmarkets.com<\/a>\u00a0<br \/>Content Source: <a target=\"_blank\" href=\"https:\/\/www.marketsandmarkets.com\/PressReleases\/commercial-vehicle-off-highway-radar.asp\" rel=\"nofollow\">https:\/\/www.marketsandmarkets.com\/PressReleases\/commercial-vehicle-off-highway-radar.asp<\/a> <\/p>\n<p>Logo: <a target=\"_blank\" href=\"https:\/\/mma.prnewswire.com\/media\/660509\/MarketsandMarkets_Logo.jpg\" rel=\"nofollow\">https:\/\/mma.prnewswire.com\/media\/660509\/MarketsandMarkets_Logo.jpg<\/a> \u00a0<\/p>\n<\/div>\n<p> <\/p>","protected":false},"excerpt":{"rendered":"<div class=\"xn-content\">\n<p><span class=\"xn-location\">CHICAGO<\/span>, <span class=\"xn-chron\">April 1, 2020<\/span> \/PRNewswire\/ &#8212; According to the new market research report <b>&#8220;<\/b><a target=\"_blank\" href=\"https:\/\/www.marketsandmarkets.com\/Market-Reports\/commercial-vehicle-off-highway-radar-market-182016868.html\" rel=\"nofollow noopener noreferrer\">Commercial Vehicle &amp; Off-Highway Radar Market<\/a><b>\u00a0by frequency (24-GHz &amp; 77-81 GHz), component (LRR, S&amp;MRR, Mono Camera, and Stereo Camera), vehicle (CV &amp; Off-highway), Application (ACC, AEB,BSD, FCW &amp; IPA) and Region &#8211; Global Forecast to&#8230;<\/p>\n","protected":false},"author":1,"featured_media":1418,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[18],"tags":[],"class_list":["post-1417","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-hispanicmotorpress"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Commercial Vehicle &amp; 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